Welcome to Moreno Valley Ranch, where comfort, space, and community amenities come together in one of the area’s most desirable and sought-after neighborhoods—perfect for the whole family and flexible multigenerational living. Step inside this gorgeous, well-maintained home built in 2010 featuring a spacious and open floor-plan. This beautiful residence offers 5 bedrooms, including a convenient main-floor bedroom ideal for guests, extended family, or a home office, along with 3 full bathrooms, one located downstairs for added convenience. Home has been thoughtfully updated, showcasing clean, modern finishes and true move-in-ready condition. Enjoy a bright and inviting living room complete with a cozy fireplace and ceiling fan, perfect for relaxing evenings. The formal dining area flows into a beautiful spacious kitchen, featuring a large center island with granite countertops, recessed lighting, and abundant cabinetry for storage and functionality. Upstairs, you’ll find Master bedroom, nice and spacious, Master bathroom with 2 walk-in-closets, double sink, shower and separate tub. Generously sized bedrooms and well-appointed bathrooms that provide comfort, privacy, and space for everyone in the household. Also features Bonus room/ Family room and Separate Laundry Area upstairs. The backyard offers plenty of room to entertain or unwind, featuring a concrete patio and ample space with endless potential to customize to your lifestyle. Residents of Moreno Valley Ranch enjoy access to fantastic HOA amenities including a pool, spa, picnic areas, playgrounds, and sports courts. All of this is located in a prime area near Moreno Valley College, shopping, dining, golf courses, hospitals, and beautiful Lake Perris. This is a wonderful opportunity to own a spacious, well-kept home in one of Moreno Valley’s most desirable communities.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
